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koolblue
Rep: 48,651
Posts: 16,032
This has been one crazy week.Vix closed over 30 yesterday. Ticks were at extremes. However, before we get too giddy, be aware that a retest of the low would be expected at some point.Personally , i would rather see that sooner instead of say, Oct. Having said that i repeat that all the pieces are in place for a tradable, even significant rally. Vol., VIX,a/d, all say so. IN the meantime , caution is the buzzword because of the extreme volitility. Very tough to trade. Good luck all!
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CharterJoe
Rep: 4,475
Posts: 2,352
Bought more calls...still neg .20cent thus far...Tick avg sub 1000, lower lows with high ticks, long again
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CharterJoe
Rep: 4,475
Posts: 2,352
Markets made a lower low, with higher 30 min RSI, and higher ticks than the last low @ 68 a few min ago and a very high volume @ 64.75 covered half longs @ 71 other half free trade. The last time my $tick indicator was reading sub 1000 readings was when we were at 1200 back in July....
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CharterJoe
Rep: 4,475
Posts: 2,352
avg short @ 1168...Sold those calls with small profit. ES still seems weak.